White House lashes Santelli for CNBC “rant”
White House spokesman Robert Gibbs said on Friday that CNBC’s reporter Rick Santelli may not have taken a responsible view with his rant against President Barack Obama’s housing plan.
Santelli was the darling of cable television on Thursday for railing about Obama’s $75 billion plan to help rescue people struggling to make their mortgage payments.
On a trading floor in Chicago, Santelli wondered aloud whether people really wanted to “subsidize” mortgages.
Gibbs doubted Santelli’s grasp of Obama’s plan, saying: “It’s tremendously important that for people who rant on cable television to be responsible and understand what it is they’re talking about.”
He said Santelli should have a good read of Obama’s plan, which he said does not reward bad behavior but is aimed at helping people who have been playing by the rules.
After watching Santelli’s rant play out all day Thursday, Gibbs offered to treat him to a beverage — without the caffeine.
“I’d be more than happy to have him come here and read it. I’d be happy to buy him a cup of coffee, decaf,” Gibbs said.
Word is that Santelli may take him up on the offer. So we’ve got that to look forward to.
Photo credit: Reuters/Larry Downing (White House spokesman Robert Gibbs at briefing on Feb. 5)